| Intangible Assets Activity |
The following presents intangible assets activity:
|
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|
|
|
|
|
|
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| |
|
February 28, 2015 |
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|
May 31, 2014 |
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|
Gross carrying amounts
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|
$ |
3,500,000 |
|
|
$ |
3,500,000 |
|
|
Accumulated amortization
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|
|
(831,250 |
) |
|
|
(568,750 |
) |
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|
|
|
|
|
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|
|
|
Total amortizable intangible assets, net
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|
|
2,668,750 |
|
|
|
2,931,250 |
|
|
Patents currently not amortized
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|
|
35,989 |
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|
|
35,989 |
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|
|
|
|
|
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|
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Carrying value of intangibles, net
|
|
$ |
2,704,739 |
|
|
$ |
2,967,239 |
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|
|
|
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|
The following presents intangible assets activity:
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| |
|
May 31, 2014
|
|
|
May 31, 2013
|
|
|
Gross carrying amounts
|
|
$ |
3,500,000 |
|
|
$ |
3,500,000 |
|
|
Accumulated amortization
|
|
|
(568,750 |
) |
|
|
(218,750 |
) |
|
|
|
|
|
|
|
|
|
|
Total amortizable intangible assets, net
|
|
|
2,931,250 |
|
|
|
3,281,250 |
|
|
Patents currently not amortized
|
|
|
35,989 |
|
|
|
35,989 |
|
|
|
|
|
|
|
|
|
|
|
Carrying value of intangibles, net
|
|
$ |
2,967,239 |
|
|
$ |
3,317,239 |
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